Australian Shares Set to Rise; New Zealand Shares Flat
Australian share futures rose 1%, a 124.3-point premium to the underlying index, as gold stocks were expected to lead. A surprise fall in jobs data eased concerns about another rate hike.
Australian shares were poised to surge on Friday, led by gold stocks as bullion prices revived overnight, while a surprise fall in jobs data dispelled risks of another rate hike and restored the glimmer on equities.The local share price index futures (YAPcm1) rose 1%, a 124.3-point premium to the u…